United Parcel Service, one of the world’s largest package-delivery companies, has announced plans to slash up to 30,000 jobs amid a push to cut costs and boost profits.
UPS, based in the US state of Georgia, will make the cuts as part of efforts to achieve savings of $3bn in 2026, UPS chief financial officer Brian Dykes said on an earnings call on Tuesday.
Dykes said the job cuts, part of plans to reduce UPS’s reliance on deliveries for its largest customer, Amazon, would be achieved through attrition and voluntary buyouts.
“We expect to offer a second voluntary separation programme for full-time drivers,” Dykes said.
UPS will also shut 24 buildings in the first half of the year and evaluate other buildings for closure in the second half, Dykes said.
He said the savings would be on top of $3.5bn in savings achieved in 2025 through cost-cutting measures, including the elimination of 26.9 million labour hours and the closure of 93 buildings.
Sean O’Brien, president of the Teamsters union, slammed the job cuts in a statement posted on social media.
“Corporate vultures giggled about giving their disrespectful driver buyout program another shot,” O’Brien said.
“Reminder: Teamsters overwhelmingly rejected UPS’s insulting payoff last year. We still know our worth. Drivers still endure violent winters and brutal heat to make UPS its billions. UPS must honor our contract and reward our members.”
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